Mergers & Acquisitions ·
Talen Energy Corporation consummated the acquisition of Cornerstone Generation assets from affiliates of Energy…
TLNTalen Energy Corp
Talen Energy Corporation consummated the acquisition of Cornerstone Generation assets from affiliates of Energy Capital Partners on June 15, 2026. The $3.5 billion transaction includes a 1,120 MW combined cycle gas turbine facility in Indiana, an 875 MW facility in Ohio, and a 456 MW combustion turbine plant in Ohio. Consideration consisted of $2.6 billion in cash and approximately 2.4 million shares of Talen common stock valued at $927 million. This filing amends the original report to include historical financial statements for Cornerstone Generation and pro forma combined financial information reflecting the acquisition. Talen Energy Corporation operates in the electric power generation industry, owning and operating natural gas-fired power plants.